SOFI what a day! The price overshot a bit below $7.22 today and bounced. $7.22 is critical and needs to hold for the bulls to regain control.I am watching for a potential trendline bounce.
If the price can break out of that wedge, it can travel to $9.20 area.
There is still risk to the downside around $6.89 area.
Keep in mind that a full measured move to the downside for Head And Shoulder pattern is $5.0. I would think something catastrophic has to happen to get that low.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.